Coins, Currency, and Medals - Overview
The Museum possesses one of the largest numismatic collections in the world. The collections include over 1 million objects, comprising coins, medals, decorations, and pieces of paper money. Among the many great rarities here are some of the world’s oldest coins, created 2,700 years ago. But the collection also includes the latest innovations in electronic monetary exchange, as well as beads, wampum, and other commodities once used as money. A special strength lies in artifacts that illustrate the development of money and medals in the United States. The American section includes many rare and significant coins, such as two of three known examples of the world's most valuable coin, the 1933 double eagle $20 gold piece.
"Coins, Currency, and Medals - Overview" showing 18 items.
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United States, 5 Cents, 1913
- Description
- Some rarities are accidental, like the 1927 Denver double eagle. Others are contrived, beginning their lives as scams. The 1913 Liberty head five-cent piece, or nickel, falls into this category. Were it not for that date, even an advanced collector would hardly give it a second thought. But the date is different, and a very clever set of circumstances ensured that the coins bearing it became memorable, twentieth-century legends.
- The first Liberty head nickels were struck in 1883, their designer the prolific if uninspired Charles E. Barber. Millions were made over the next three decades. The design was to be retired at the end of 1912, and that is when things began to become interesting. Despite orders to the contrary, five new Liberty head nickels were struck clandestinely, presumably at the beginning of 1913.
- Spirited out of the Mint, they came into the possession of one Samuel W. Brown, of North Tonawanda, New York. He eventually became the town's mayor, but earlier had served as Storekeeper of the Mint. At the end of 1919, he placed an advertisement in the Numismatist, offering to pay $500 each for 1913 Liberty head nickels. Later he raised the offer to $600.
- He already had all the coins, so what was he up to? He was making a legend, preparatory to making a profit! He displayed the coins at the following ANA convention (August 1920), finally selling the pieces to a Philadelphia dealer a few years later.
- At this point, San Antonio coin dealer B. Max Mehl entered the picture, also making offers to buy any 1913 Liberty nickels. That did it: everyone from ten-year-old boys to sophisticated collectors began checking their change, hoping to come across another 1913. No one ever did, but the coin's legendary status was assured.
- Date made
- 1913
- mint
- U.S. Mint, Philadelphia
- ID Number
- 1977.1199.0001
- catalog number
- 1977.1199.0001
- accession number
- 1977.1199
- catalog number
- 77.49.01
- Data Source
- National Museum of American History, Kenneth E. Behring Center
1.00 Dollar, Flowing Hair Dollar, 1794
- Description
- The first silver dollars-and the first silver half dollars-were delivered on the same day, October 15, 1794. Chief coiner Henry Voigt was responsible for 5,300 half dollars that day, and they apparently went into commerce as soon as they were released.
- The dollars were another matter. Precisely 1,758 of them were coined on the fifteenth, and they were immediately delivered to Mint Director David Rittenhouse for distribution to dignitaries as souvenirs.
- The VIPs were not impressed with what they saw. The dollars were struck on the largest press the mint possessed, but the machine was originally intended for cents and half dollars. The only way it had proved adequate for striking the copper pattern was by striking the piece twice.
- The impressions it gave with a single blow were weak, a situation not helped by the fact that the obverse die was damaged early on and had to be polished down along one part of its circumference. This resulted in its making an even weaker impression. So the new federal dollar was not a brilliant success. But it was a first-and sometimes that's success enough.
- Precisely 1,758 of these silver dollars, the first ever minted for circulation by the United States, were coined on October 15, 1794. All were immediately delivered to the Mint Director for distribution to dignitaries as souvenirs. The largest press the mint possessed still was not big enough to give a strong impression with a single blow, hence the weak relief on these coins.
- Location
- Currently not on view
- Date made
- 1794
- mint
- U.S. Mint, Philadelphia
- obverse designer
- Scot, Robert
- reverse designer
- Scot, Robert
- ID Number
- 1979.1263.00334
- accession number
- 1979.1263
- catalog number
- 01510
- 1979.1263.00334
- Data Source
- National Museum of American History, Kenneth E. Behring Center
United States, 10 Dollars, 1838
- Description
- The gold British sovereigns that James Smithson bequeathed to the United States were melted down and re-struck as American coins. Some of the gold went into the reissue of the ten-dollar piece, or eagle. There were other factors at work, of course, including two Acts of Congress that reduced the weight and fineness of all United States gold coins, in an effort to keep them in circulation.
- The resumption of eagle coinage was ordered in July 1838, and between seven and eight thousand of the coins, the first eagles struck since 1804, were minted at the beginning of December. Smithson's legacy played a role: the knowledge that a massive amount of bullion was on its way across the Atlantic fostered the decision to resume the eagle, the largest existing American denomination.
- Christian Gobrecht was responsible for the designs on the resumed eagle coinage. His left-facing Liberty sported a coronet (there is a copper cent, also by Gobrecht, with a nearly identical arrangement), while the rounded tip of the truncation points to the "1" in the date.
- A simple eagle with shield appears on the reverse. The obverse design was modified slightly in 1839, the truncation now being centered above the date. A handful of proofs, specimen coins of record or for VIPs, was also struck. Three have been reliably reported, and a fourth is rumored.
- Location
- Currently not on view
- Date made
- 1838
- mint
- U.S. Mint, Philadelphia
- ID Number
- 1985.0441.0292
- catalog number
- 1985.0441.0292
- accession number
- 1985.0441
- Data Source
- National Museum of American History, Kenneth E. Behring Center
United States, 5 Dollars, 1838
- Description
- This coin may be one of those minted from the bequest that James Smithson left to the United States for the creation of the Smithsonian Institution. James Smithson was born in 1765 as the illegitimate son of Sir Hugh Smithson, later known as Sir Hugh Percy, Baronet, 1st Duke of Northumberland, K.G., and Elizabeth Hungerford Keate. Elizabeth Keate had been married to James Macie, and so Smithson first bore the name of James Lewis Macie.
- His mother later married Mark Dickinson, by whom she had another son. When she died in 1800, he and his half-brother inherited a sizable estate. He changed his name at this time from "Macie" to "Smithson."
- James Smithson died June 27, 1829, in Genoa, Italy. His will left his fortune to his nephew, son of his half-brother, but stipulated that if that nephew died without children (legitimate or illegitimate), the money should go "to the United States of America, to found at Washington, under the name of the Smithsonian Institution, an establishment for the increase and diffusion of knowledge among men." The nephew, Henry Hungerford Dickinson, died without heirs in 1835, and Smithson's bequest was accepted in 1836 by the United States Congress.
- James Smithson never visited the United States, and the reason for his generous bequest is unknown. The gift was the foundation grant for the Smithsonian Institution. The British gold coins in Smithson's bequest were quickly carried to the Philadelphia Mint, where they were melted down and recycled into American gold coins.
- Most of the new coins were half eagles or five-dollar pieces. On the obverse, they have a left-facing Liberty head, her hair bound with a ribbon; on the reverse is a simple, unexceptional eagle with denomination.
- The original design was the product of a German immigrant named John Reich, substantially altered by a second artist named William Kneass, tweaked again by another German immigrant, Christian Gobrecht. James Smithson's gold, now recycled into new, Americ
- Location
- Currently not on view
- Date made
- 1838
- mint
- U.S. Mint, Philadelphia
- ID Number
- 1985.0441.0293
- catalog number
- 1985.0441.0293
- accession number
- 1985.0441
- Data Source
- National Museum of American History, Kenneth E. Behring Center
United States, 10 Dollars, 1908
- Description
- In 1905, President Theodore Roosevelt asked sculptor Augustus Saint-Gaudens to lead an effort to redesign American coinage. Saint-Gaudens developed a concept that many consider the most beautiful American coin ever conceived.
- In addition to this $20 Dollar coin, Saint-Gaudens also redesigned the $10 coin, or eagle, but did not live to see this effort through to completion. With Saint-Gaudens's passing, the eagle project was entrusted to Chief Engraver Barber.
- There was little he could do to bowdlerize the artist's original: Saint-Gaudens had put most of his efforts for high relief coinage into the double eagle. His ten-dollar piece offered modest innovations in terms of its relief, but it didn't awake Barber's opposition to the extent that the double eagle design had. The redesigned eagle was struck through early 1933, essentially in the form in which Saint-Gaudens had created it.
- There was one innovation in mid-1908. Theodore Roosevelt frowned on the inclusion of the motto "In God We Trust," on American money. He said religion and commerce didn't mix. So neither the new double eagle nor the new eagle bore the traditional inscription for the first year or so. But Roosevelt would soon be on his way out of office and the motto was reinstituted on both coins. This coin is one of the earlier "godless" ones. When the motto returned, it appeared before the eagle's breast on the reverse.
- Location
- Currently not on view
- Date made
- 1908
- mint
- U.S. Mint, Philadelphia
- ID Number
- 1985.0441.1286
- catalog number
- 1985.0441.1286
- accession number
- 1985.0441
- Data Source
- National Museum of American History, Kenneth E. Behring Center
United States, 20 Dollars, 1906 (pattern)
- Description
- In 1905, President Theodore Roosevelt initiated a project to redesign American coinage and commissioned sculptor Augustus Saint-Gaudens to create the new designs. While the two had admirable goals, they committed the unpardonable bureaucratic sin--they had not "gone through channels." The Mint already had an artist, Charles E. Barber, and it would have been his job to redesign coinage if that was what the president wanted. Barber was unhappy with the president's new project, complained to anyone who'd listen, and finally decided to do something about it. He would design his own double eagle, and he would get it done before Saint-Gaudens completed his.
- Barber was in an unusual hurry. His single surviving pattern double eagle, shown here, is unusual in American numismatics, and one of the least successful artistically. For the obverse, Barber featured a Liberty head with a Phrygian cap and a laurel wreath, inspired by contemporary French artists. For his reverse, he recycled some of his own earlier work. Back in 1891, he had created a pattern half dollar, the obverse of which had featured Liberty with a sword and a Liberty cap on a pole. Liberty was guarding an eagle, the symbol of America. Now, this old design appeared on the reverse of the new coin. Thus Barber's proposal had two Liberties, one on each side. Roosevelt was unimpressed. Saint-Gaudens went on with his work, and Barber continued to fume.
- Location
- Currently not on view
- Date made
- 1906
- mint
- U.S. Mint, Philadelphia
- maker
- Barber, Charles
- ID Number
- 1985.0441.2095
- catalog number
- 1985.0441.2095
- accession number
- 1985.0441
- Data Source
- National Museum of American History, Kenneth E. Behring Center
United States, 10 Dollars, 1907 (pattern)
- Description
- In 1905 President Theodore Roosevelt asked sculptor Augustus Saint-Gaudens to lead an effort to redesign American coinage. Saint-Gaudens developed a design that many consider the most beautiful American coin ever conceived. In addition to this $20 coin, Saint-Gaudens also redesigned this $10 coin, or eagle. Although the design has always been considered subordinate to his design for the $20 coin, it deserves close scrutiny. It bears witness to the labors of a gifted artist, working in ill health and under great pressure, and creating beauty almost at his final moment.
- Saint-Gaudens was working against time and knew it. By the time he turned his attention to the ten-dollar coin, he was already gravely ill, with only a few months to live. So he recycled some earlier ideas. He reused a head of Victory that he had originally created for the Sherman Monument in New York City, adding a war bonnet. The result was fanciful, and Saint-Gaudens's logical equation of Liberty with a Native American was no more convincing than Longacre's version on the Indian Head cent.
- But from an artistic point of view, it worked. The eagle on the reverse was also recycled, this time from President Roosevelt's inaugural medal. The coin shown here was struck in modest quantity-about thirty-two thousand pieces. However, all but forty-two were ultimately melted down.
- Location
- Currently not on view
- Date made
- 1907
- mint
- U.S. Mint, Philadelphia
- ID Number
- 1985.0441.2097
- catalog number
- 1985.0441.2097
- accession number
- 1985.0441
- Data Source
- National Museum of American History, Kenneth E. Behring Center
United States, 20 Dollars, 1907 (pattern)
- Description
- In 1905, President Theodore Roosevelt asked sculptor Augustus Saint-Gaudens to redesign American coinage. As Saint-Gaudens began work on the project, there was never any possibility that he would restrict himself to well-traveled artistic paths. Playing it safe was against his nature and that of the president for whom he toiled.
- As a result of Saint-Gaudens's vision and Roosevelt's persistence, Americans got their most beautiful double eagle, one of the most artistic pieces of money ever struck. Instead of a head or a static, seated goddess, Saint-Gaudens's Lady Liberty strides towards us, the dawn at her back. She represents the morning of the Republic, full of possibilities and hope.
- She bears a torch in her right hand, an olive branch in her left: offerings of freedom and peace. The law said that Saint-Gaudens had to use an eagle for his reverse design, and so he did. But what an eagle! Nothing like it had ever been seen before. The naturalistic bird, in such high relief that it threatens to soar out of the circular space that seeks to enclose it, is all movement and grace.
- Saint-Gaudens and his patron surely knew that this coin was impossible to make in mass quantities. The high relief came at a high price: it took nine blows from the hydraulic coining press to strike each one. Charles E. Barber, the Mint's chief engraver, strenuously objected out of jealousy, but he had a point.
- This is no way to make money for mass circulation. But to Roosevelt and Saint-Gaudens, the chief engraver and other critics lacked vision. This ultra-high relief double eagle was intended to show what artistry and technology could do when afforded the chance. Fewer than two dozen of the ultra-high relief coins were minted, in February and March of 1907.
- Location
- Currently not on view
- Date made
- 1907
- mint
- U.S. Mint, Philadelphia
- ID Number
- 1985.0441.2098
- catalog number
- 1985.0441.2098
- accession number
- 1985.0441
- Data Source
- National Museum of American History, Kenneth E. Behring Center
United States, 20 Dollars, 1907 (experimental)
- Description
- Someone once observed that a giraffe was a horse designed by a committee. The same might be said of this coin: what had seemed a good idea around a table in the boardroom proved to be an interesting but spectacular flop as it neared production.
- The coin resulted from a project that President Theodore Roosevelt began in 1905 to redesign American coinage. He commissioned sculptor August Saint-Gaudens to create the new designs, and Saint-Gaudens developed a plan for an ultra-high relief $20 coin. The coin here, which appears to have been struck early in 1907, followed Saint-Gaudens' basic designs, but there the similarities ended.
- This experimental coin contained twenty dollars' worth of gold, but it was squeezed into a coin the width of a ten-dollar piece. The discrepancy was handled by making the patterns much thicker than ordinary coins. Staff at the Mint wondered whether it was possible to decrease the diameter to have the best of both worlds: a coin in glorious high relief that didn't take quite as many blows of the press to create. The experiment failed. Although the patterns were unacceptable for commerce, word of their existence leaked out to the collecting community. An exasperated Mint Director wanted them called in and melted down. Somehow two escaped. Both are in the Smithsonian Collection.
- Location
- Currently not on view
- Date made
- 1907
- mint
- U.S. Mint, Philadelphia
- ID Number
- 1985.0441.2100
- catalog number
- 1985.0441.2100
- accession number
- 1985.0441
- Data Source
- National Museum of American History, Kenneth E. Behring Center
United States, 1 Dollar, 1804 (Class One)
- Description
- The early dollars from the United States Mint were not instantly embraced by the public, which had become accustomed to the dollar's predecessor, the Spanish-American Piece of Eight. That coin contained slightly more silver than its new competitor.
- Then some entrepreneurs made an interesting discovery. They could buy American dollars, send them to the West Indies, and exchange them there at par for Spanish-American Pieces of Eight. Then they could bring the pesos home, turn them in to the Mint for melting, and make a profit by getting paid back in shiny new dollars.
- When the scheme was uncovered, it resulted in a thirty-year halt in dollar production, beginning in 1805. Some 19,570 dollars were coined in 1804, before the halt began. Interestingly, they weren't dated 1804, but 1803, thus avoiding the production of new dies. Although a common, cost-cutting policy at the early United States Mint, this act led to confusion years later, and to three legendary coins included in this exhibition.
- By the 1830s, American officials were actively exploring commercial opportunities elsewhere in the world. Seeking to influence foreign dignitaries, the Jackson administration instructed the Mint to create complete sets of specimen coins as gifts.
- The Philadelphia coiners did so for most other denominations without difficulty. But what to do about the silver dollar? They knew that 1804 dollars had been struck, but there didn't seem to be any survivors. So in November 1834, they created eight new 1804-dated dollars for the gift sets (later termed "class one" 1804 dollars).
- One of the eight became part of the set given to the Imam of Muscat, and another was sent to the King of Siam. And the other six? Within a few years, they escaped into private hands or entered circulation. And they became numismatic legends very quickly, for they had it all: mystery, intrigue, and tremendous rarity.
- Date made
- 1804
- mint
- U.S. Mint, Philadelphia
- ID Number
- 1986.0836.0061
- catalog number
- 1986.0836.0061
- accession number
- 1986.0836
- Data Source
- National Museum of American History, Kenneth E. Behring Center